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USD/CHF Technical Analysis - USD/CHF Trading: 2020-11-11
USD/CHF Technical Analysis Summary
Above 0,919
Buy Stop
Below 0,897
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Buy |
| MA(200) | Neutral |
| Fractals | Neutral |
| Parabolic SAR | Sell |
| Bollinger Bands | Buy |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
On the daily timeframe, USDCHF: D1 approached the downtrend resistance line. It must be broken upward before opening a position. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish move if USDCHF rises above the Parabolic signal and its latest maximum: 0.919. This level can be used as an entry point. We can place a stop loss below the lower Bollinger line and the last lower fractal: 0.897. After opening a pending order, we can move the stop loss to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the 4-hour chart and set a stop loss, moving it in the direction of the bias. If the price meets the stop loss (0.897) without activating the order (0.919), it is recommended to delete the order: the market sustains internal changes that have not been taken into account.
Fundamental Analysis of Forex - USD/CHF
Investors fear the Swiss National Bank's currency intervention in case of an excessive strengthening of the Swiss franc. Will the USDCHFquotes continue to grow?
An upward movement signifies the weakening of the Swiss franc against the US dollar. Some market participants believe that SNB may take any measures to prevent the USDCHF from falling below the psychological level of 0.9 (i.e. from strengthening of the Swiss franc) . This is the minimum since January 2015. The SNB rate is now negative at -0.75%. Inflation in Switzerland is also negative (deflation) and amounted -0.6% in October, in annual terms. The Fed rate is + 0.25% with +1.4% inflation in the US. No significant macroeconomic data are expected in Switzerland this week. Probably, the dynamics of USDCHF will depend on the American statistics. Both the Swiss franc and the Japanese yen make weaken, in the event of the sale of "safe-haven assets" by investors. The global risks associated with the coronavirus pandemic have diminished thanks to the development of a vaccine by Pfizer and Biontech.
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